UK Financial Conduct Authority proposes new rules and guidance on non-financial misconduct

Published Date
Dec 13, 2023
The UK Financial Conduct Authority's consultation on diversity and inclusion (D&I) in financial services proposes new rules and guidance on identifying and taking action in relation to non-financial misconduct such as bullying and sexual harassment.
The regulator’s latest proposals provide some clarity, for example, on when misconduct occurring outside the workplace, or in an individual’s private life, should be taken into account when assessing fitness and propriety.  However, there remain a number of grey areas that firms and relevant decision-makers at firms will need to grapple with.  Our latest post in this series on the FCA and PRA’s proposals for improving D&I in financial services considers the likely impact of the proposed rules and guidance on non-financial misconduct and highlights a few of the issues that are likely to continue to present challenges for firms. 

The next post in this series will focus on the implications for senior managers. 

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